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XAUUSD consolidation around 2320, eyeing the 2300 floor
I'm watching $XAUUSD closely here; the repeated rejections just above 2320 after the recent push make me think we're in for a bit more consolidation, perhaps testing the 2300 level. The risk to that view, for me, is a solid break and hold above 2325, which would suggest continued upside momentum.
1 comments · 1 points
Agree on the 2320 resistance. Wouldn't be surprised to see a deeper retracement to 2300, or even 2280 before a sustained move higher. A clean break above 2325 is needed to invalidate the consolidation idea.